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Running your own business can be exciting, rewarding and stressful (not necessarily in that order), but life will be a little easier if you follow the following tips.

1. Be passionate about your businessWork can and should be fun, having a passion for what you do makes coping with difficulties that little bit easier, regularly take time to think about why you enjoy being your own boss.

2. Be flexibleIt is a fact of life that plans will change from time to time; you need the flexibility to be able to cope with rapid change.

3. Make timely decisionsIt is ok to rely on intuition by all means plan and think about things, but don’t miss opportunities through lack of faith in your judgement. Don’t jump in to a new business venture without thought or planning but don’t wait for months either, try to find a happy medium most people benefit from a little pressure under fire.

4. Don’t be afraid to failLearn from failure the alternative is to never try anything, if all captains went down with their ships there would be no captains left, hindsight is a wonderful thing, pick yourself up and assess what you would do differently. Remember you can’t run a business without taking risks, don’t let fear hold you back.

5. Self BeliefYou have to believe in yourself and your company, confidence is contagious both to employees and customers.

6. Maintain a strong work ethicEmployees will follow your lead; it will help beat competition and maintain your edge with customers and suppliers.

7. Your biggest asset is you!Take care of yourself; your health is more valuable than anything maintain a healthy balance between work and family life.

8. Step out of your comfort zone.Periodically we all need to leave our comfort zone; there will be many times when you will feel uneasy implementing change. So long as you mitigate the risks change can be good so long as it’s managed.

9. Bounce back!Learn from setbacks and move on.

10. Accept honest or justified criticism.You won’t always get it right and just because you are the boss doesn’t make it right.

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